one of the other countries he's visiting most often besides china is nigeria. it is one of his favorite emerging markets. nigeria is dealing with its own set of risks. another bomb blast has hit the capital. that, he's talking about the sophistication of various institutions. ibo are looking for those growth rates above seven percent, which south africa does not have right now. >> let's stay with south africa in more ways than one and bring in david bloom. very good to have you on the program. who better to ask, with no vested interest in the subject, -- let's pick up on the rant. this is not the case in south africa. as we know, usually the discussion is whether the two werds majority are not. knows going to win the election, but the question is by how much. there's low volatility and interest rates are high. the election is coming up in brazil and indonesia. these are the fragile five. the me tell you something, they're the fabulous five. the reason is, there is no volatility in the market. inflation expectations are falling. we're talking about more qe in ja